Member Guidelines

The ABFA was formed in September 1996 as a result of the merger between the Association of British Factors & Discounters (ABFD), the Commercial Finance Association, Europe (CFA) and The Association of Invoice Factors (AIF). Its origins date back to 1976 with the creation of the ABFD.

ABFA Objective

To promote and represent the interests of the ABFA membership in a national and global environment.

Membership Criteria

To qualify for full membership, companies must be registered and operating in the United Kingdom or Republic of Ireland and derive 75% of their income from any of the following services:

Factoring or discounting of debts or any other form of receivable financing
Commercial or trade finance including financing of stock, work in progress, imports and exports
Companies are likely to have been established for over 12 months.
Companies admitted to membership will normally be required to have a net worth of £1 million. In certain circumstances consideration may be given to a guarantee provided by a substantial parent or such other undertaking as the Executive Committee may agree.
Members will be required to give an undertaking that no security has been granted over debts beyond payments made to clients for those debts.
Membership or attendance at functions of the Association must not be used for engaging in activities that breach the Competition Act 1998.

Applying for Membership

For further information on how you may apply for membership of the ABFA, please contact Kate Sharp at the ABFA (020 8332 9955).

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